How does the consumerism of the 1920s help usher in the great depression?

Answer 1

The consumerism of the 1920s, characterized by mass production and the widespread availability of credit, led to excessive spending and overextension of personal finances. Many Americans purchased goods on credit, creating a bubble of consumer debt that was unsustainable. When the Stock Market crashed in 1929, this debt burden became unmanageable, resulting in reduced consumer spending and a sharp decline in economic activity. The collapse in consumer confidence and spending contributed significantly to the onset of the Great Depression.